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Brachers advises on LFB & Pusterla deal

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Kent law firm Brachers advises on deal to create one of the largest luxury packaging groups in Europe

Brachers has advised on a strategic alliance between The London Fancy Box Co Ltd (LFB) and Italian manufacturing group Pusterla 1880 SpA (Pusterla), to create one of the largest luxury packaging groups in Europe.

The legal team was led by James Bullock, Head of Corporate, who advised the principal shareholders of LFB. Kent accountancy firm, Reeves, provided tax and corporate support on the deal.

This significant deal for the luxury packaging sector sees €40m turnover Pusterla acquire a minority stake in £18.5m turnover LFB.  Pusterla will acquire the whole of the share capital of LFB in 2014, when both Christopher and Matthew Lawson, principal shareholders of LFB, will become minority shareholders in Pusterla.

The deal was completed in just four weeks and Christopher Lawson commented: “For us, a key part of putting the deal in place was having James and his Brachers team working with us, with the ability to operate within our timeframes and provide us with the succinct commercially driven advice that we needed"

Family run business, Pusterla, based in Italy with facilities in Milan, France and Romania has been manufacturing since 1880 and counts Bulgari, LVMH, L’Oreal and Hermes among its customers. LFB has been family owned for 119 years and supplies presentation packaging to premium clients such as Procter & Gamble, Diageo and Chivas Brothers as well as other customers in the entertainment, wines and spirits and publishing markets.

The LFB management team will remain in place and be strengthened by the appointment of Roberto Marini (General Manager of Pusterla) as a non-executive director.

Author:brachers LLP